Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    232 E Pine Ave Eastpoint, FL 32328

    Sponsored
    For Sale
    $98,000

    Residential Lots/Land - St. George Island, FL

    Lot size:
    0.08 Acres
    Days on Market:
    69
    Last Refresh:
    Feb 5 at 1:06 pm

    Property Features for 232 E Pine Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-4
    APN
    29-09S-06W-7310-004E-0230
    Lot size
    0.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Marilyn Bean
    Marilyn Bean

    CENTURY 21 COLLINS REALTY (850) 927-3100

    Listing agent Marilyn Bean (850) 927-3100

    Listing date Nov 29, 2025

    MLS# 324606 Listing URL

    Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    St. George Island Land

    This property is located in a central area within the Lighthouse District. Its location offers convenient access via walking, biking, or golf cart to the island's shops and restaurants. Direct beach access is available from 3rd Street East. The property is zoned C-4, which permits both single-family residential and commercial uses. The lot size is 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hair Salon Department Store Storage Facility Bar & Pub Real Estate Agency Discount Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastpoint
    County
    Franklin
    State
    Florida
    Longitude
    -84.859814879128
    Latitude
    29.665527448851

    Nearby Similar for Sale

    • $1,100,000
      2,842 SF

      St. George Island Commercial Building

      Renovated two-story commercial building near beaches, shops, and restaurants.
      123 W Gulf Beach Dr, Eastpoint, FL 32328
      View Details
    • $699,000
      2,040 SF

      Prime Commercial Space, St. George Island

      High-visibility commercial property in central St. George Island, Florida.
      140 W 1St St, Eastpoint, FL 32328
      View Details
    • $469,900
      1,904 SF

      Versatile Mixed-Use Property on Hwy 98

      Mixed-use property in Eastpoint, FL, near Apalachicola and St. George Island.
      290 Hwy 98, Eastpoint, FL 32328
      View Details
    • $795,500
      7,620 SF

      Eastpoint, FL Commercial Property

      Commercial property with living quarters in Eastpoint, Florida.
      203 Hwy 98, Eastpoint, FL 32328
      View Details
    • $545,000
      3,260 SF

      Eastpoint Commercial Property with Bay Views

      Two commercial buildings on a high-traffic corner with bay views.
      90 Us Highway 98, Eastpoint, FL 32328
      View Details
    • $800,000
      1,400 SF

      Waterfront Cottages Investment Opportunity

      Income-producing property with waterfront cottages and RV hookup near St. George Island.
      332 Patton Dr, Eastpoint, FL 32328
      View Details
    • $225,000
      1,096 SF

      Eastpoint, FL Mixed-Use Opportunity

      Commercially zoned property in Eastpoint, FL, ready for renovation.
      257 Hatfield St, Eastpoint, FL 32328
      View Details
    • $795,500

      Eastpoint Commercial Property on US 98

      Commercial property with living quarters on US Highway 98.
      203 Us Highway 98, Eastpoint, FL 32328
      View Details
    • $5,795,000

      Gulf Front Legacy Home

      Exquisite Gulf front home in gated St. George Island community.
      1724 Kumquat Ct, Eastpoint, FL 32328
      View Details
    • $649,999

      Eastpoint Warehouse with Fenced Yard

      5000 sq ft warehouse suitable for storage and work.
      90 Otter Slide Rd, Eastpoint, FL 32328
      View Details
    • $850,000

      Unique Commercial Property with Bay Frontage

      Commercial property with road and bay frontage, investor opportunity.
      326 Patton Dr, Eastpoint, FL 32328
      View Details
    • $575,000
      0.55 Acres

      Eastpoint Waterfront Commercial Land

      Prime Coastal Business Opportunity, 0.55 Acres
      512 Hwy, Eastpoint, FL 32328
      View Details

    FAQs

    What type of property is this?
    Commercial land - Located in the Lighthouse District, zoned for commercial and residential.
    Where is this commercial land located?
    The property is located at 232 E Pine Ave Eastpoint, FL.
    What is the asking price?
    The asking price for this property is $98,000.
    What are key features of this property?
    This property features: - Direct beach access for ultimate coastal living.; - Zoned C-4 allowing for single family and commercial use, offering versatile possibilities.; - Central location in the Lighthouse District.
    (850) 653-6733
    Request Owner's contact information
    232 E Pine Ave Eastpoint, FL 32328
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    232 E Pine Ave
    Eastpoint, FL 32328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 E Pine Ave Eastpoint, FL 32328
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marilyn Bean
    Marilyn Bean
    Real Estate License ID: 318763
    (850) 653-6733
    Learn more
    Google sign-in failed. Please try again or use another login method.